Business
activity falls into one of three main classifications of production: primary,
secondary or tertiary.
Primary
Industries
These
are industries engaged in the extraction of raw materials such as:
- Agricultural products
- Mineral and fuels
- Forestry
- Fishing products
Secondary
industries
These are involved in the process of
making products from raw materials in factories and manufacturing plants for
the use of the customer. Materials are obtained from primary industries.
Examples of secondary industries are:
- Construction
- Manufacturing
companies
Tertiary
industries
Tertiary
industries are distribution and service industries which sell or consume the
goods, as distinct from manufacturing or obtaining raw materials. Examples of
tertiary industries are:
- Hospitality
- Entertainment
- Insurance
- Medical
- Legal
- Accounting
- Transport
- Education
- Travel
- Social service
- Recreation
- Offices
- Wholesale suppliers
and retails outlets
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